Table 4 Regression results of the... | Emerald Publishing

Table 4

Regression results of the eastern region of China

Variables	Model 4 (⁠ ${L n E M P}_{i t}$ ⁠)		Model 5 (⁠ ${L n T I}_{i t}$ ⁠)		Model 6 (⁠ ${L n E M P}_{i t}$ ⁠)
${L n F E R}_{i t}$	0.395*** (0.046)		0.338*** (0.108)		0.454*** (0.039)
${(L n F E R)}_{i t}^{2}$	−0.075*** (0.007)		−0.005 (0.015)		−0.079*** (0.004)
${L n I E R}_{i t}$		−0.289* (0.156)		0.576*** (0.220)		0.691*** (0.150)
${(L n I E R)}_{i t}^{2}$		0.022** (0.010)		−0.039*** (0.014)		−0.038*** (0.010)
${L n T I}_{i t}$					−0.123*** (0.010)	−0.273*** (0.022)
${L n L A B O R}_{i t}$	−1.115*** (0.030)	−0.895*** (0.027)	0.330*** (0.067)	0.632*** (0.058)	−1.106*** (0.023)	−0.695*** (0.033)
${L n O P E N}_{i t}$	−0.034** (0.015)	−0.031** (0.015)	0.195*** (0.043)	0.022 (0.044)	0.015 (0.010)	−0.048*** (0.018)
${L n G D P}_{i t}$	1.039*** (0.019)	0.980*** (0.012)	1.208*** (0.045)	1.115*** (0.045)	1.206*** (0.019)	1.383*** (0.030)
${L n W A G E}_{i t}$	−0.024 (0.028)	−0.103*** (0.039)	−0.034 (0.093)	0.162* (0.092)	−0.006 (0.019)	−0.346*** (0.043)
${L n F D I}_{i t}$	0.065*** (0.014)	−0.0006 (0.015)	−0.118* (0.061)	−0.130** (0.065)	0.050*** (0.010)	0.056*** (0.020)
${L n M L}_{i t}$	−0.036** (0.047)	0.0006 (0.051)	0.813*** (0.195)	0.658*** (0.160)	0.063** (0.029)	0.201** (0.751)
Obs	143	143	143	143	143	143
Wooldridge test	112.827***	88.182***	42.862***	44.414***	143.747***	142.982***
Wald test	336.02***	431.97***	310.90***	197.18***	393.81***	633.77***

Variables	Model 4 ( ${L n E M P}_{i t}$ )		Model 5 ( ${L n T I}_{i t}$ )		Model 6 ( ${L n E M P}_{i t}$ )
${L n F E R}_{i t}$	0.395*** (0.046)		0.338*** (0.108)		0.454*** (0.039)
${(L n F E R)}_{i t}^{2}$	−0.075*** (0.007)		−0.005 (0.015)		−0.079*** (0.004)
${L n I E R}_{i t}$		−0.289* (0.156)		0.576*** (0.220)		0.691*** (0.150)
${(L n I E R)}_{i t}^{2}$		0.022** (0.010)		−0.039*** (0.014)		−0.038*** (0.010)
${L n T I}_{i t}$					−0.123*** (0.010)	−0.273*** (0.022)
${L n L A B O R}_{i t}$	−1.115*** (0.030)	−0.895*** (0.027)	0.330*** (0.067)	0.632*** (0.058)	−1.106*** (0.023)	−0.695*** (0.033)
${L n O P E N}_{i t}$	−0.034** (0.015)	−0.031** (0.015)	0.195*** (0.043)	0.022 (0.044)	0.015 (0.010)	−0.048*** (0.018)
${L n G D P}_{i t}$	1.039*** (0.019)	0.980*** (0.012)	1.208*** (0.045)	1.115*** (0.045)	1.206*** (0.019)	1.383*** (0.030)
${L n W A G E}_{i t}$	−0.024 (0.028)	−0.103*** (0.039)	−0.034 (0.093)	0.162* (0.092)	−0.006 (0.019)	−0.346*** (0.043)
${L n F D I}_{i t}$	0.065*** (0.014)	−0.0006 (0.015)	−0.118* (0.061)	−0.130** (0.065)	0.050*** (0.010)	0.056*** (0.020)
${L n M L}_{i t}$	−0.036** (0.047)	0.0006 (0.051)	0.813*** (0.195)	0.658*** (0.160)	0.063** (0.029)	0.201** (0.751)
Obs	143	143	143	143	143	143
Wooldridge test	112.827***	88.182***	42.862***	44.414***	143.747***	142.982***
Wald test	336.02***	431.97***	310.90***	197.18***	393.81***	633.77***

Note(s): *p < 0.1, **p < 0.05 and ***p < 0.01